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Unions Not Sold on Divesting Pension Systems’ Fossil-Fuel Stock Holdings

The Chief

Bob Hennelly


A proposal in Albany to have the state pension system divest from fossil-fuel stocks is getting pushback from unions that fear doing so would be a real money-loser.

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Press Releases

New York State Pension Funds Will Lose Hundreds of Millions of Dollars If Forced To Scrap Or Reduce Fossil Fuel Investments, New Report Says

For Immediate Release


Report acknowledges climate change is real, but contends that divestment from fossil fuel companies would have little or no environmental impact, while hurting pensioners, raising taxes or forcing service cuts over the next five years NEW YORK (Dec. 12, 2017) – New York’s Common Retirement Fund would...

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Research and Analysis

Fossil Fuel Divestment Impact on New York State Pensions

Commissioned by: Suffolk AME, INC


Climate change is real. It has a profound effect on how people engage with the environment in their everyday lives. As a result, the role climate change has on the global economy has become a key factor when evaluating and planning future investments in sector-based and diversified holdings in...

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